ASEAN Economic Forum to focus on “Advancing Partnership for Sustainability” This year, as the ASEAN Chairman, Thailand has proposed the concept of “Advancing Partnership for Sustainability” as the main topic of 2019’s ASEAN Leaders Meeting. BANGKOK, 17 June 2019 (NNT) – At the 34th ASEAN Summit, Thailand will propose plans for promoting cooperation in various…
Aging society and skill shortage key issues in Thailand’s economy According to Moody’s latest Research Announcement, Thailand will sustain fiscal and external strength regardless of political developments; but structural challenges persist. 13 June 2019 Singapore, June 13, 2019 — —Thailand will likely maintain continuity on infrastructure investment, after the country’s recent election results. But its…
Fishermen say they will protest fishing bans off Nakhon Si Thammarat, Thailand Fishermen in Nakhon Si Thammarat are warning of mass protests against the provincial governor if he doesn’t act and allow them to fish legally in the seas off the provincial coast. The south Thailand fishermen say they’re being harassed by fishery officials. 500…
EIC cuts 2019’s growth forecast to 3.3%. EIC has revised down the forecast for Thailand’s GDP growth in 2019 to 3.3%, from the previous projection of 3.6%. The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP expanded by 2.8%YOY (compared to the same period last year), or 1.0%QOQ_sa (seasonally…
King Power wins Duty Free auction for Thailand’s main airports King Power is adding three regional airports to its duty-free concession portfolio after winning the bid for Suvarnabhumi BANGKOK, 12 June 2019 (NNT) – King Power today won the bidding to run duty-free shops in three regional airports, marking another victory for the firm which…
Private sector waits for new economic ministers to raise investor confidence The private sector says they’re waiting to see the new ministers emerge from the current negotiations that will be in charge of economic portfolios, who may raise the confidence of investors. Meanwhile, the Consumer Confidence Index was at 77.7 in for the month of…
Thailand’s food delivery business up 14% in 2019 “Diners are increasingly ordering food online platforms, and eating out at restaurants less.” We’re eating in more and dining out less. But we can still enjoy our favourite restaurant food. Welcome to the latest ‘disrupter’ making inroads to our eating habits. KResearch (a part of Kasikorn Bank)…
Thailand showcases Innovative agricultural products The Institute for Agricultural Product Innovation has developed some 700 new products, and is ready to join forces with major retailers to sell them to customers. BANGKOK (NNT) – The Department of Foreign Trade has been promoting innovative agricultural products development through the Institute for Agricultural Product Innovation. Now, with some…
Thai exports continued to contract by -2.6% YoY in April Thailand’s economy grew at its slowest pace since 2014 in the first quarter of this year as weaker global demand and trade tensions weighed on exports The value of Thai exports fell by -2.6% YoY in April 2019, a downward momentum continuing from negative growth…
Thailand’s manufacturing production index (MPI) sinks to 12-month low Both global and domestic economies have been weak, in part due to the trade war, which if prolonged would be manufacturers’ worst-case scenario. Thailand’s manufacturing production index (MPI) in April fell for the first time this year, dipping to its lowest level in 12 months to…